If I have an account on Relai, do I still need Kraken, or do they serve the same purpose? (I want to buy a little more Bitcoin, add it to my existing wallet and then cold-store it on a Blockstream HW wallet and not “touch” it anymore for the next 4-5 years)
Posted by Phantasizer
2 Comments
Both let you buy BTC, but different use cases – Relai is great for simple DCA, Kraken gives you more control and usually lower fees.
afaik Relai is a broker while kraken is an exchange (which does brokerage as well). What this means basically is that you will get somewhat better prices when using kraken’s exchange functionality to buy bitcoin, but better usability when using relai.